Board Justification

The executive compensation program is designed to keep our senior leadership team focused on executing the Company’s strategic plan, with the goal of delivering shareholder value over the long term. As such, executive compensation program decisions are grounded in the following principles: Alignment with shareholder interests. Executives should be compensated through market-competitive pay elements based on short-term and long-term performance goals that align executive compensation with the creation of long-term value for our shareholders. Pay for performance. A substantial portion of executives’ compensation should be linked to the achievement of pre-determined financial, operational, and other key strategic metrics with challenging performance targets that align with APA’s business strategy and long-term objectives. Commitment to sustainability. Our program should include quantifiable environmental and safety goals, the achievement of which impact actual incentive award payouts. Considerable focus should be on metrics that demonstrate our commitment to worker safety and to measurable improvements in emissions reduction.

Board Justification

N/A

Board Justification

Includes company contributions to retirement plans, life insurance premiums, and enhanced long-term disability coverage.

Board Justification

Reflects RSUs vested under the terms of the 2016 Omnibus Compensation Plan.